facebook
Traded Co logo
Submit

Dinu Pietraru Acquires Office Building In Jamaica For $1.45M

Property Image
SOLD
$1,450,000

New York

See Similar Deals
Office57,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Dinu Pietraru Acquires Office Building In Jamaica For $1.45M

87-80 Parsons Blvd, Jamaica, NY 11432, USA

See Similar Deals
Office57,000 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$25
Total Square Footage:57000 SF
Transaction Type:Sale

An office property located at 87-80 Parsons Boulevard in Jamaica has been sold in a closed transaction. The property spans across 5,700 square feet and consists of 3 units. The asking price for this office asset was $1,875,000, and it was sold for $1,450,000, resulting in a price per square foot of $255. The seller of this property was Local 463 Realty Corp., represented by Kenneth Irving. The buyer of the property was Dinu Pietraru. AssetCRG, represented by Michelle Abramov and Joseph Mast, acted as the brokers in this transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,450,000
  • Address: 87-80 Parsons Boulevard
  • Market: Jamaica
  • Square Footage: 5,700
  • Asking Price: $1,875,000
  • Sale Price: $1,450,000
  • Price per Square Foot: $255
  • Units: 3
  • Seller: Local 463 Realty Corp. (Kenneth Irving)
  • Buyer: Dinu Pietraru
  • Brokers: AssetCRG (Michelle Abramov and Joseph Mast)

This transaction involved key individuals and companies who played vital roles. The property seller, Local 463 Realty Corp., was represented by Kenneth Irving. The buyer of the office asset was Dinu Pietraru. The brokers involved in this deal were Michelle Abramov and Joseph Mast from AssetCRG.

Players

Joseph Mast
3 deals$6.5M volume(917) 497-2375
BROKER

Michelle Abramov
Ripco
26 deals$64.9M volume(718) 663-2652
BROKER

Details

SOLD
IMAGE: Michelle Abramov & Joseph Mast DATE: 12/19/2019 ADDRESS: 87-80 Parsons Boulevard MARKET: Jamaica ASSET TYPE: Office ASKING PRICE: $1,875,000 SALE PRICE: $1,450,000 SF: 5,700 PPSF: $255 UNITS: 3 PPU: $483,333 SELLER: Local 463 Realty Corp. – Kenneth Irving BUYER: Dinu Pietraru BROKERS: AssetCRG – Michelle Abramov & Joseph Mast

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88